I wanted to do a quick review of some of my recent calls to show you that even “The Infallible Chartman!” (which nobody calls me) can be wrong!
For example, last week I was confident that given the sharp rise and looming resistance, the rally would stall. Not only did it NOT stall, it seemed to strengthen this past week.
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Of course, there’s usually another hurdle to cross and for the market, it’s now the old highs. I’m not about to double down, but I think you have to be just a bit cautious.
On the flip side, I did get Apple (NASDAQ:AAPL) right. Like the market, I think the parabolic move at least slows down before higher ground is attained.
Finally, Procter & Gamble (NYSE:PG) has been a sad stock for me. It broke out Friday, though, and made me breathe a sigh of relief. I think it goes higher from here.
Back next week where I’m hoping “Snochi” is but a distant memory.